QUESTION IMAGE
Question
describing how to qualify for bankruptcy
use the drop - down to complete each statement.
the
compares your income with your state’s median income and examines your financial ability to repay your debt.
if y
the state median, you still might be able to file chapter 7 if your income is not enough to pay
(the drop - down options for the first blank are: chapter 7 test, chapter 13 test, means test; the other blanks also have drop - down options but the specific content of the options for the latter blanks is not fully shown in the ocr text.)
To determine the correct term for the test that compares income with the state's median income and examines debt - repayment ability, we recall bankruptcy - related knowledge. The "means test" is the test that assesses a debtor's income relative to the state median and their ability to repay debts. For the first drop - down, the means test is the one that fits the description of comparing income with the state's median income and examining financial ability to repay debt.
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The first drop - down should be "means test".